We have compiled the accompanying projected balance sheet, statements of income, retained earnings, and cash flows of XYZ Company as of December 31 20XX, through the year ending 20XX, in accordance with attestation standards established by the American Institute of Certified Public Accountants. The accompanying projection was prepared for [state the special purpose, for example, “the purpose of negotiating a loan to expand XYZ Company’s operations”].
A compilation is limited to presenting in the form of a projection of information that is the representation of management and does not include evaluation of the support for the assumptions underlying the projection. We have not examined the forecast and, accordingly, do not express an opinion or any other form of assurance on the accompanying statements of assumptions. Furthermore, even if [describe the hypothetical assumption as you did above “the loan is granted and the plant is expanded”] there will usually be differences between the projected and actual results because events and circumstances frequently do not occur as expected, and those differences may be material. We have no responsibility to update this report for events and circumstances occurring after the date of this report. For comparative purposes, we also compiled historical balance sheet, statements of income, retained earnings, and cash flows for XYZ Company and, accordingly do not express an opinion, or any other form of assurance, on such information.
We are not independent with respect to XYZ Company.